Atlantic Canada has more than 10,000 firms operating in the business and professional services industry. Business and professional service firms operate with a global perspective providing services that include marketing, engineering, management, financial, scientific, technical and legal.
Business Environment
Atlantic Canada has the lowest business cost environment among G7 countries. This is according to Competitive Alternatives: KPMG’s guide to international business costs, 2006, which analyzed 27 location-sensative cost factors in more than 125 cities. The study showed that Atlantic Canada’s available skilled workforce costs are, on average, 21% lower than in the U.S., corporate taxes are, on average, 4.8% lower than in the U.S. and property taxes are 18% lower than the U.S average. Add to that low energy costs and excellent business, telecommunications, and transportation infrastructure, and it is easy to see why Atlantic Canada’s business and professional services industry is performing so well.
Atlantic Canada benefits from having one of the best labour markets in North America, with a productive and bilingual workforce of 1.2 million people (Statistics Canada 2005) and the lowest turnover and absenteeism rates in North America.
For additional information on the Business and Professional Services Industry in Atlantic Canada, please view the full information sheet, or contact us directly